Liberty Global Finds a Dutch Compromise

The Deal Is One Ziggo Shareholders Can't Really Refuse

If deal-making is the art of compromise, Liberty Global is becoming a grand master.

The pan-European cable operator is buying the 71.5% of Ziggo it doesn't already own in a transaction valuing the Dutch cable company at about €10 billion ($13.68 billion) including debt. Just over two-thirds of the deal price—about €34.53 a share based on...